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Deutsche Post and the Verdi services' union agreed, on October 6th, on a series of measures allowing the company to better face market trends and the development of society. Key measures affect the establishment of a "generational pact" to maintain older workers in the company while recruiting young colleagues, the extension of the Job Security Pact until 2015 for the company's 130,000 employees, an agreement freezing the outsourcing of mail delivery operations and, finally, a 4% cut to entry level pay. These agreements, which had to be renegotiated by the end of the year, are connected with demographic ageing in Germany and the impact of the opening of the sector to private competition. Wages will be negotiated in January 2012. (Ref. 110602)
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110602
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